Regulatory Alerts2025-01-01
Decision on Conditions for Staff Competence and Credit Intermediation Services for Housing Loans
The Council of the Central Bank of Montenegro issued this Decision to establish detailed requirements for the knowledge, competence, and training of staff involved in housing loan activities. It mandates specific educational and experience thresholds for employees, requires professional indemnity insurance with minimum coverage limits, and sets strict good repute criteria for management bodies. Furthermore, the regulation defines the procedural steps for authorizing credit intermediaries, including mandatory agreements with creditors and application documentation submitted to the Central Bank.
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